USD/CAD Technical Analysis: Greenback out of ammunition leaves USD/CAD exposed to downside

• USD/CAD most likely made a last desperate attempt to break above 1.3350 June 21, 2017 swing high as  bears squashed  bull’s expectations.
• USD/CAD bears will probably try to break below 1.3266 Wednesday’s low in order to drive Loonie towards the 1.3200 level in the coming sessions.

USD/CAD 15-minute chart  

Spot rate:                   1.3311

Relative change:        -0.27%
 
High:                          1.3277
Low:                           1.3260

Trend:                         Bearish

Resistance 1:              1.3350 June 21, 2017 swing high
Resistance 2:              1.3383, current week’s high
Resistance 3:            1.3543 June 9, 2017 swing high

Support 1:                 1.3266 Wednesday’s low
Support 2:                 1.3200 figure
Support 3:                 1.3155 former supply/demand level